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Sold over 6 years ago

$750,000

1.0 rooms 1 ba 19786 sqft

920 Magnolia Lane, Christiansburg, VA 24073

Commercial Commercial Occupied

Current Rent **

$7,195

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Back On Market 270-unit Storage Facility near Virginia Tech and Radford University

Great location for a 270+ unit storage facility, conveniently located between Blacksburg, Christiansburg, and Radford, VA. Great rental history, with solid income levels - several 30-year tenants, along with plenty of seasonal leases, as well. Six buildings, each with both interior and exterior access for bays, and on-site RV and trailer storage as well. Capital improvements include vinyl siding and 24-hour video monitoring. Sale includes real estate and business - a great opportunity for an income-producing property in Montgomery County, with thousands of VT and RU students needing on-site storage. Named one of the best storage facilities in the NRV by The Collegiate Times. Opportunity for ancillary services to be added to the bottom line, as well as targeted advertising to increase year-round occupancy.

Offered by:

Nest Realty SWVA
Jeremy Hart, Principal Broker
400 N. Main St, Blacksburg VA
NestRealtyNRV.com | 540.998.4731

Location:

920 Magnolia Lane, Christiansburg, VA 24073

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.